Leggett & Platt (LEG)
NYSEConsumer DiscretionaryFurnishings, Fixtures & AppliancesSnapshot 2026-11-05
$9.20-1.29%
Close 2026-08-26 · 1-day change
NYSEConsumer DiscretionaryFurnishings, Fixtures & AppliancesSnapshot 2026-11-05
QuarterlyIQ Insights · LEG
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -40.3% |
| Our one-year growth estimate | diamond | 0.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 41.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 10 industry peers · Company calendar date is not available
LEG — M&A activity — Changes in Control of Registrant
Dated 2026-08-26
Changes in Control of Registrant. The information set forth in the Introductory Note, Item 2.01, Item 3.01, and
Why it matters: The merger will create a bigger company. This may help its market position and finances.
Supportive ifThe merger closes. Leggett & Platt becomes a part of Somnigroup.
Worry ifThe merger fails to close by the end of 2026 due to unresolved issues.
Why it matters: The new CEO's plans could change how the company works and performs.
Watch forPositive news or changes in plans came after the CEO change.
Also watch forBad news or no clear plans came after the CEO change.
Why it matters: Completing the merger is crucial for Leggett & Platt's future growth and stability. Delays could hurt investor confidence.
Supportive ifThe merger will close by December 2026 if all approvals are granted.
Worry ifThe merger may face big delays or not get the needed approvals.
Why it matters: Keeping or raising EPS shows strength during market challenges.
Supportive ifQ3 adjusted EPS reported above $0.33.
Worry ifQ3 adjusted EPS falls below $0.33.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$199 on $10,000 · ±2.0% | How much price usually moves either way. |
| Bad day | $359 loss on $10,000 · 3.6% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,851 loss on $10,000 · 28.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Falling mattress sales may show bigger problems in what customers want. This could hurt Leggett's sales.
Worry ifU.S. mattress market units decline by more than 10% year over year in upcoming quarters.
Less concerning ifU.S. mattress market units stabilize or grow year over year.
Why it matters: Earnings show how well the company is recovering. They also show how well it operates.
Supportive ifQ2 2026 earnings per share (EPS) meets or exceeds the guidance range of $0.92 to $1.38.
Worry ifQ2 2026 EPS falls below the guidance range.
Why it matters: Improving cash flow is crucial for financial health. It shows the company is managing costs better.
Supportive ifCash flow from operations increases to above 40% of revenue.
Worry ifCash flow from operations remains below 30% of revenue.
Why it matters: Legal issues might delay the merger. They could also hurt the company's operations and image.
Worry ifNo new lawsuits are filed about the merger or its effects.
Less concerning ifNew litigation is filed that could delay or block the merger.
Why it matters: A larger decline shows worse demand. It may mean deeper problems in the bedding market.
Worry ifQ3 sales report shows a decline greater than 6% compared to Q3 2025.
Less concerning ifQ3 sales decline is less than or equal to 6% compared to Q3 2025.
Why it matters: Improving cash flow is vital for Leggett's financial health and ability to invest in growth. Weak cash flow raises concerns.
Supportive ifOperating cash flow turns positive and exceeds $46 million in Q3 2026.
Worry ifOperating cash flow stays negative or drops more in Q3 2026.
Why it matters: Higher transportation costs may hurt profits. How the company handles this matters.
Worry ifLeggett & Platt shares a plan to handle rising transportation costs well.
Less concerning ifLeggett & Platt warns of more margin loss due to transportation costs.
Why it matters: Shareholder returns show that management trusts cash flow and profits. This affects how investors feel.
Supportive ifA dividend increase or a share buyback program is announced.
Worry ifThere is no news about higher dividends or buybacks.
Why it matters: Earnings results will show if the company is improving or struggling. A miss would confirm ongoing issues.
Worry ifQ2 earnings per share falls below the consensus estimate.
Less concerning ifQ2 earnings per share meets or exceeds the consensus estimate.
Why it matters: Positive cash flow is essential for financial health and supports the merger's success.
Supportive ifOperating cash flow reported as positive in Q2 2026.
Worry ifOperating cash flow reported as negative in Q2 2026.
Why it matters: This shows good cost control. It also shows recovery from market problems.
Supportive ifAdjusted EBIT goes up from $89 million in Q2 2026.
Worry ifAdjusted EBIT goes down from $89 million in Q2 2026.
Why it matters: Good cost management is important for better cash flow and profits in this tough market.
Supportive ifManagement says they are doing well at cutting costs. They are also working on being more efficient.
Worry ifManagement says they have problems with cost management. Costs are also going up.
Why it matters: Better margins mean the company is managing costs well. This shows good efficiency.
Supportive ifGross profit margins improve from the current level of 170.7M.
Worry ifGross profit margins decrease further from 170.7M.
Why it matters: Stable cash flow is important for running the business. It helps with shareholder returns.
Supportive ifCash from operations is now positive after being -$56.1M.
Worry ifCash from operations is still negative or getting worse.